By Sarah Lizee
Olympia, Wash., May 1 – JPMorgan Chase Financial Co. LLC priced $25.52 million of 0% equity-linked partial principal at risk securities due May 27, 2021 tied to the MSCI Europe index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10.00 plus 183% of any index gain.
If the index finishes flat or declines, investors will receive par plus the index return, subject to a minimum payout of $9.00 per note.
J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as selected dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying index: | MSCI Europe
|
| Amount: | $25,516,400
|
| Maturity: | May 27, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 183% of any index gain; if index falls, par plus the index return subject to minimum payout of $9.00 per note
|
| Initial index level: | 131.87
|
| Pricing date: | April 26
|
| Settlement date: | May 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48130X133
|
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